January 16, 2008

Agricultural equipment accounted for less than one percent of total U.S. industrial exports to Colombia in 2006, totaling $12.8 million. The top U.S. exports to Colombia in this sector included tractors, harvesters, and mowers. Colombian tariffs range between 5 and 15 percent, with an average of 10.8 percent in 2006. For agricultural equipment, over 92 percent of U.S. industrial exports will receive duty-free treatment immediately upon implementation of the U.S.-Colombia Trade Promotion Agreement.

Source: Prepared by the International Trade Administration

January 15, 2008

Under the U.S.-Peru Trade Promotion Agreement, core obligations, including labor and environment provisions, are subject to the dispute settlement mechanism of the Agreement.

Source: Prepared by the Office of the United States Trade Representative

January 14, 2008

With $23.5 billion in exports across the globe, Louisiana ranked 12^th among the states in terms of total exports in 2006. Louisiana increased its merchandise exports $5.9 billion (34 percent) from 2002 to 2006. Two billion dollars of these exports were sold in Colombia, Peru, Panama and Korea. The pending free trade agreements would eliminate tariffs on key exports from Louisiana such as petroleum products.

Source: Prepared by the International Trade Administration

January 11, 2008

Nearly 95 percent of U.S. exports of consumer and industrial products will enter Korea duty-free within three years of implementation of the U.S.-Korea Free Trade Agreement. All remaining tariffs will be phased out over ten years with the exception of tariffs on four fish products that will be phased out over either 12 or 15 years.

Source: Prepared by the International Trade Administration

January 10, 2008

In the U.S.-Peru Trade Promotion Agreement, Peru and the United States agreed to provisions on e-commerce that commits both parties to non-discriminatory treatment of digital products. Both parties have agreed not to impose customs duties on such products and to cooperate in numerous policy areas related to e-commerce.

Source: Prepared by the Office of the United States Trade Representative